213 Confrontation with Jardine

"Mr. Stool, my suggestion, you should seriously consider it." Inside the Wheelock Building, Diess politely said to an Englishman with gold glasses in front of him.

This person is the current Taipan John Stool of the Wheelock Group, which, like Jardine Matheson and Swire, is a family-owned company, and the entire Wheelock has long been managed by the Stool family.

John Stool thought for a moment, then looked at Diess with some meaning, and said, "Mr. Diess, HSBC shouldn't want me to sell Defond to Jardine Matheson, right?" ”

"I can tell you the truth, there is this situation, but what I just said is also true." Dess said without humility or arrogance: "Wheelock, and Jardine in many aspects of competition, if you will Defeng all the internal information to Jardine, if they continue to acquire, it is naturally not a problem, but if because of the price or other reasons, there is no acquisition, then these information, will make Wheelock lose hundreds of millions of funds, Mr. Stool is also a leading figure in the business world, the possibility of this, I think you know better than me." ”

"There's some truth to what you're saying, and I do need to think again." John Stool nodded and said, "I will discuss this issue with Niu Bijian, and besides, in addition to Jardine Matheson, there are also other Chinese-funded and Southeast Asian consortia. ”

As an investment company that makes money by facilitating transactions, Tori Dolly actually wants to stop this transaction, John Stool can naturally see the problem, but he can see it, but this is a conspirac, he is indeed unlikely to hand over the information of Defeng Company before the acquisition, but if he does not hand it over, no matter how bold Jardine Matheson is, he will not dare to acquire it directly, otherwise a pit can kill Jardine Matheson, and it seems to be stuck in a dead loop.

"Most of the Chinese capital in Hong Kong is not strong enough, and as for the Southeast Asian consortiums, they don't know Hong Kong very well, and I am afraid it will take a long time to cooperate with them." Dees said with a faint smile.

If Wheelock were to sell to a Southeast Asian consortium, HSBC would be reluctantly acceptable.

"Chen Zhiwen can't do it either? Or Bao Yugang? They're good enough, right? John said with a frown.

"Bao Yugang has not yet expressed his position on Wheelock, and there are many overlaps between Wheelock's business and Global International, are you willing to hand over all the information of Wheelock Shipping?" "As for Chen Zhiwen, we have also communicated with him that he will not buy Wheelock, but he is interested in some of Wheelock's assets. ”

"Which assets?" John Stool asked.

"Two buildings, federal and international," Diess said. ”

β€œwhatοΌŸβ€ John Stool was stunned for a moment, and then said: "He wants to sit back and enjoy it, and wants to buy the best assets of Defeng?" ”

Wheelock, founded more than 100 years ago, developed in Shanghai in the early days, and then came to Hong Kong for various reasons, at that time, Hongkong Land was already the king of Central, but with the accumulated capital in Shanghai and years of development, Wheelock still obtained three buildings in Hong Kong in Central.

They are the Confederation Building, the International Building and the Wheelock Building, of which the Wheelock Building is the headquarters of the group, and the Federal and International Building is an investment, which has always been leased to many trading, legal and other companies to collect rent profits.

"Isn't Wheelock's best asset still the countless freighters?" Dees said with a smile.

"Freighters are naturally the same, but that doesn't mean that the Federal and International Towers can be disposed of at will." John Stool nodded and said, although there was an oil crisis a few years ago, the operating cost of cargo ships has risen sharply, but the need for shipping has been rising, and freight rates have risen even more.

This is more profitable than collecting rent in Central, otherwise, the Jardine Matheson Group would not want to exchange this building for a supertanker with the ship's king Bao Yugang after the construction of the Recreation Building.

"That's still a matter of price, if the price is really right, will Mr. Stool consider selling?" Diess said with a smile: "With the current income from shipping, if these two buildings are sold and then a freighter is purchased, three years is enough to double the income." ”

"Mr. Dees is really good at business, going around and around, I need to borrow from HSBC to buy a freighter?" John said with some self-deprecation.

"I do have my purpose, but I'm telling the truth." Diese nodded and said.

The direct income of Tori is the intermediary fee for promoting investment and acquisition, while the indirect income is to negotiate between the acquisition and the seller, and then let them trade with HSBC, borrow money, and so on.

For example, this time, if Chen Zhiwen can really buy Wheelock's two buildings, then he will definitely only contribute a small part of the funds, and the rest will go to HSBC financing, the same way, Wheelock is the same, the shipping industry is a big gold swallower, the cost of a cargo ship and oil tanker is as high as tens of millions of dollars, and the shipping company is to borrow money to buy a ship first, and then operate to repay the loan, otherwise, Hong Kong will not have so many ship kings, without the help of banks, shipping companies are more difficult to start than real estate.

However, the difference is that most of the capital flow and financing in Hong Kong's real estate business go through HSBC, while the shipping business is not necessarily, especially the Bank of Japan, which is very fond of grabbing such customers.

"It's true, but let's wait until Wheelock is sure that it won't sell, or if I sell Wheelock, you can discuss it with the buyer." John said with a light smile.

The development of shipping is indeed the direction he has set in the future, even if Wheelock sells, he can use the funds to build a new shipping company, or go to other countries to develop, if he still continues to control Wheelock, then Diese is right.

Although real estate also makes money, but for him, this kind of real estate in Hong Kong is too unstable, it is better to sell it, he is very optimistic about the future of shipping, as long as the money is invested in, it can definitely return to the capital in three years, and the rest is to lie and earn.

"Okay, then I'll visit again next week, and I hope to get good news from you." Diese nodded and said.

1 November, Hutchison Building:

"Knock knock" There was a knock on the door outside the office, and Chen Zhiwen said, "Please come in." ”

The door opened, and a middle-aged man in his 30s came to Chen Zhiwen's desk and said, "Chen Sheng, the HK$250 million specially approved by HSBC has been remitted to Watson's account. ”

"Oh, that's fast." Chen Zhiwen smiled and said, "Come, Lao Wu, sit." ”

The person in front of him, named Wu Weibing, is one of the talents who are proficient in the management of Hong Kong's local retail industry recruited by Chen Zhiwen to recruit a headhunting company, and is currently responsible for the entire operation of Watsons.

"That's also because Chen Sheng personally came forward, otherwise, HSBC would not be so happy." Wu Weibing said with a smile.

"When the money buys enough properties, use those properties as collateral." Chen Zhiwen nodded and said, "Moreover, HSBC's low-interest loan is not without a price. ”

HSBC's emergency loan, obviously has the meaning of letting Chen Zhiwen and Jardine Matheson consume, but Chen Zhiwen doesn't care, low-interest loans, the more the better, even if it is not low-interest, in today's rapid rise in the Hong Kong real estate market, high interest rates are not a problem, as long as the amount of funds is sufficient.

Moreover, PARKnSHOP is also one of the core businesses of Hutchison Future, and the Hong Kong base camp must be fought for.

"Okay." Wu Weibing said: "Chen Sheng, considering that we don't need to advance a lot of materials, now that we have such a large amount of money, I plan to speed up the purchase of properties in various suitable places in Hong Kong, with property, we have an absolute advantage." ”

"Okay, it's best to hold all the property, but if you come across a very good location and the other party is not willing to buy it, then you can rent it." Chen Zhiwen nodded and said.

PARKnSHOP has a very advantageous place, that is, it can take advantage of the huge procurement chain of Galaxy Trade, because of the long-term purchase of Galaxy Trade, many suppliers have also formed a very stable and good cooperative relationship, after PARKnSHOP communicates with them, these suppliers are happy to send the goods directly to the shelves of PARKnSHOP Supermarket, which can reduce the initial expansion, the occupation of funds by materials in the new supermarket.

Wellcome Supermarket, even if it has land behind it, cannot have the ability to make all the advances from so many goods suppliers, which is the advantage of the chasm.

"Okay, but I still think that we can find nearby properties for acquisition, and in the long run, it is more secure to own our own property, and at the same time, the property itself is also an intangible asset as housing prices rise, and it can also be used to finance the bank as collateral." Wu Weibing said.

"Yes, you collect these kinds of properties first, and then give me the statistics, as long as there are no major problems, I will agree." Chen Zhiwen nodded and said.

At present, the Hong Kong real estate market is at the beginning of preparing to soar, and the acquisition of property is completely blood-earning, and if it can also monopolize the retail field in Hong Kong by the way, it will be perfect, and at the same time, it is also very good to combat the arrogance of Hongkong Land.

Time flies, and half a month passes quickly.

Hong Kong, Connaught Building:

Bao Fuda came to New Big's office a little dull and said: "Mr. New Big, Hutchison's Parknshop, this time is simply crazy, as far as I know, they have acquired at least more than 20 properties to open supermarkets, I don't know, I estimate that there may be more, and many are still near our supermarket, which is very unusual." ”

"Near us? Is Chen Zhiwen ready to fight a price war? Niu Bijian frowned slightly.

Although the conversation with Chen Zhiwen collapsed before, both sides began to buy or rent suitable shops in Hong Kong, but everyone avoided each other, not who was afraid of whom, but the market is very large, and there is no need to compete at present, and at the same time, everyone also avoids each other's supermarkets, because the two supermarkets are together, and the biggest result is that they can't make money.

But now, Hutchison is actually picking up the option to open a new store or buy a property near the Wellcome supermarket that he has already built or the supermarket that he is already preparing to open, which is clearly preparing for a price war in the future.

"That's what it means, he did this, probably to show his determination, to make us retreat." Bao Fuda analyzed.

"Hmph, if we retire like this, we won't be ridiculed to death by our Hong Kong counterparts." Niu Bijian said disdainfully: "If I transfer another 50 million Hong Kong dollars to you, I don't believe that Chen Zhiwen can invest much money in it." ”

"Jardine Matheson is ready to buy Wheelock, is there any problem with the funds?" Bao Fuda asked again, as the second-in-command of the Jardine Matheson Department, he is still very clear about the financial situation of the entire company, there is too much blood loss overseas, and the recent rise in the real estate market in Hong Kong can barely be regarded as a blood transfusion.

"Wheelock itself has a lot of high-quality assets, and it is not a problem to acquire them, and it will not lose a lot, but John Stool has always refused to hand over Wheelock's detailed financial report, which makes me afraid to start." Niu Bijian said with a slight frown.

Many of Wheelock's assets, so that Jardine Matheson's eyes, such as the three buildings in Central, in North Point, Kwai Wan, Kwun Tong have a large amount of land, and the most exciting thing is that Wheelock's huge ocean transport fleet, although not as good as the ship king Bao Yugang, but also more than 30 large and small transport freighters, marine transportation has always been Jardine's weakness, all along, Jardine Matheson wants to make up for this shortcoming, especially after the 70s, the price of marine transportation has reached new highs, Jardine is anxious and even wants to take the Recreation Building and Bao Yugang for oil tankers, But it was still rejected.

But no matter how red he is, Niu Bijian does not dare to buy the other company's company without obtaining Wheelock's detailed financial data, because once there is a pit, where there is a debt of hundreds of millions of Hong Kong dollars, it can pull down the Jardine Matheson, which is now walking a tightrope, although it will not become on the verge of bankruptcy like Hutchison a few years ago, but it is enough to hurt their vitality, and at the same time, it will also make their top management roll up and leave.

"This is indeed a very headache, John Stool refused to hand over the financial information, which may be a cat's mistake." Bao Fuda also nodded and said.

"Then we can only look at it again, if Wheelock has been unwilling to sincerely seek a merger, then there is nothing to talk about, now that the Hong Kong real estate market and stock market are rising, we can't delay it because of this matter." Niu Bijian said again.

It can be said that if the merger is really realized, half of Jardine's resources will have to be invested, and it may be possible to rely on some methods such as selling properties, branches, and seeking listing to recoup funds, but that is also a matter for the future.

If it is not settled, the funds and resources of Jardine Matheson can only be suspended in the air, and if it continues for a long time, it will definitely not be able to stand it and can only give up.

"Yes, settle it as soon as possible." Bao Fuda nodded and said: "Hongkong Land is preparing to participate in the auction of the two properties of the Hong Kong MTR Corporation in Central and Admiralty, and it is estimated that it will also require a lot of funds, and the matter of Wheelock cannot be delayed forever." ”

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(End of chapter)